Digital Assets & Tokenisation Insight Brief
Hamilton Lane’s Senior Credit Opportunities Fund Now Accessible via KAIO on Sei Network
KAIO, the onchain infrastructure for regulated real-world assets (RWAs), has expanded its tokenized fund offerings on the Sei Network, by bringing access to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) onchain via the HL SCOPE Access Fund, targeting institutional and accredited investors.
This integration provides users on the Sei Network with expanded, crypto-native access to alternative investment strategies in private credit. KAIO utilises the Sei Network’s high-performance rails to offer secure and compliant access to alternative investment products directly onchain.
The HL SCOPE Access Fund provides a route into SCOPE, an all-weather senior private credit evergreen vehicle. The fund aims to generate consistent performance and cash yield, offering investors a diversified, multi-manager portfolio. Key features include immediate capital deployment and an option for monthly liquidity.
Integral Launches PrimeOne, the First Stablecoin-Based Crypto Prime Brokerage
Integral, specialists in FX and digital asset technology, has launched PrimeOne, the world’s first crypto prime brokerage built on stablecoins. The platform, developed on the Codex Layer-1 EVM blockchain, provides institutional-grade credit, trading, and net settlement services within a single, integrated system.
PrimeOne allows clients to access leading crypto market makers and exchanges through one account, simplifying the onboarding process with a single AML/KYC check and removing credit requirements. Its on-chain infrastructure ensures clients retain full control over their assets. As the value of open positions fluctuates, margin, in the form of USD stablecoins, is automatically moved between counterparty wallets in real-time.
This real-time settlement of margin aims to minimise counterparty credit risk and sets trading limits dynamically based on participants’ balances. The system is designed to improve liquidity and operational efficiency while significantly reducing capital requirements and credit exposure for institutional clients.
Deutsche Börse Group and Circle to Collaborate on Stablecoin Integration for Financial Markets
Deutsche Börse Group and Circle Internet Group have signed a Memorandum of Understanding (MoU) to integrate Circle’s EURC and USDC stablecoins into Deutsche Börse’s financial market infrastructure. This agreement, a first of its kind in Europe, aims to develop new solutions for market participants by linking token-based payment networks with traditional financial systems. The initiative is made possible by the EU’s Markets in Crypto Assets Regulation (MiCAR), with Circle being the first major global issuer to achieve compliance.
The collaboration will initially focus on listing and trading the stablecoins on 360T’s digital exchange, 3DX, and through institutional crypto provider Crypto Finance, both part of Deutsche Börse Group. The partnership will also establish institutional-grade digital asset custody via Deutsche Börse’s post-trade business, Clearstream, using Crypto Finance as a sub-custodian. This move is a key step in Deutsche Börse’s digital leadership strategy, building upon its existing crypto services and complementing its work on wholesale central bank digital currencies.
Canton Network Partners with Chainlink to Accelerate Institutional Blockchain Adoption
The Canton Network, a permissionless blockchain designed for institutional finance, has entered a strategic partnership with oracle platform Chainlink. The collaboration aims to accelerate the adoption of the Canton Network ecosystem by financial institutions. As part of the agreement, the Canton Network will join the Chainlink Scale programme and integrate key services, including Chainlink Data Streams, SmartData, and the Cross-Chain Interoperability Protocol (CCIP). Chainlink Labs will also operate as a Super Validator on the network.
This partnership provides institutions using Canton with access to Chainlink’s established infrastructure, which secures over $100B in assets across the digital economy. Under the Scale programme, the Canton Network will cover certain operating costs for Chainlink oracle nodes, thereby enhancing its own connectivity, resilience, and transparency. The move is designed to support further innovation in tokenised assets, stablecoins, and digital identity solutions on the network, which already supports over $6T in on-chain assets and processes $280bn in daily repos.
BitGo Europe Secures BaFin Approval to Launch Regulated Crypto Trading Services
BitGo Europe GmbH, the digital asset infrastructure company, has received an extension of its licence from Germany’s Federal Financial Supervisory Authority (BaFin). The approval allows BitGo Europe to expand its regulated offering to include crypto trading services from Frankfurt, enabling European institutional investors to access spot trading across a wide range of digital assets and stablecoins.
Through its over-the-counter (OTC) trading desk and electronic platform, BitGo Europe aggregates liquidity from multiple market makers and exchanges, offering clients competitive pricing and reliable execution. This expansion follows BitGo Europe’s initial MiCA licence approval from BaFin in May 2025, strengthening its regulated presence in the EU.
With custody, staking, transfer, and now trading services available under one framework, BitGo Europe positions itself as one of the few regulated custodians in the region to provide a full-stack platform. The integrated service aims to help institutions deploy capital more efficiently while maintaining security and compliance.
Monaco Launches Institutional-Grade Decentralised Trading Infrastructure on Sei Blockchain
Monaco, the decentralised trading protocol developed by Sei Labs and Monaco Research, has launched its central limit order book (CLOB) infrastructure on the Sei blockchain. The platform is designed to deliver Wall Street-level execution speeds within a decentralised framework, with the aim of capturing part of the projected $30 trillion tokenised asset market by 2034. Monaco achieves microsecond execution and leverages Sei’s 400-millisecond settlement, a major improvement over traditional T+1 settlement cycles.
Key features of Monaco’s infrastructure include a shared liquidity layer for broad institutional access, 24/7 trading support, and PitPass revenue sharing, which rewards builders and applications for contributing order flow. Unlike traditional payment for order flow models, PitPass distributes revenue transparently while maintaining best execution standards.
BNP Paribas and HSBC Join Canton Foundation to Advance Decentralised Financial Infrastructure
BNP Paribas and HSBC have become the newest members of The Canton Foundation, strengthening the growing institutional support for the Canton Network. Their participation follows the recent additions of Goldman Sachs, Hong Kong FMI Services Limited and Moody’s Ratings, underscoring the increasing strategic role of the network in the future of global financial infrastructure.
The Canton Network aims to enable tokenised finance through decentralised technology that safeguards data privacy, operational control and interoperability. Its Global Synchronizer provides the core infrastructure for connecting digital assets across permissioned blockchains, under the decentralised governance of a community of banks, fintechs and service providers.
With over 30 members now onboard, including Broadridge, Tradeweb and Digital Asset, the Canton Foundation continues to build a collaborative ecosystem. The inclusion of BNP Paribas and HSBC represents another step towards aligning global capital markets through a secure and scalable decentralised framework.
BlockFills and QIS Risk Partner to Enhance Institutional Portfolio Visibility and Risk Analysis
BlockFills, the digital asset trading and market technology provider, has partnered with QIS Risk, a portfolio monitoring solution for institutional crypto investors, to expand risk and performance analysis capabilities for their shared clients. The collaboration allows investors to gain a unified view of their portfolios across all asset classes, counterparties, investment types, and blockchain networks.
Through QIS Risk’s platform, BlockFills clients can now integrate their digital asset derivatives positions into a broader portfolio context. This consolidated perspective aims to improve decision-making by removing the limitations of counterparty-specific reporting and offering more comprehensive insights into overall exposure.
The partnership reflects growing institutional demand for digital asset options. BlockFills reported that its digital asset options volume in July rose 70% compared with the same month last year.
Gemini Space Station Files for IPO on Nasdaq Under Ticker “GEMI”
Gemini Space Station, Inc., the global crypto platform, has announced the launch of its initial public offering (IPO) of 16,666,667 shares of Class A common stock. The company has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). The offering price is expected to be between $17.00 and $19.00 per share, with Gemini and selling stockholders granting underwriters a 30-day option to purchase up to an additional 2,396,348 and 103,652 shares, respectively, to cover over-allotments.
Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “GEMI.” The offering will be led by Goldman Sachs & Co. LLC and Citigroup, with Morgan Stanley and Cantor also serving as lead bookrunners. Additional bookrunners and co-managers include Evercore ISI, Mizuho, Truist Securities, and several others. The proposed offering remains subject to market conditions and SEC approval.
SBI Group and Chainlink Form Strategic Partnership to Advance Digital Asset Adoption in Japan and APAC
SBI Group, one of Japan’s largest financial conglomerates, has announced a strategic partnership with Chainlink to accelerate blockchain and digital asset adoption across global markets, starting with Japan and the wider Asia-Pacific region. The collaboration aims to combine SBI’s market expertise with Chainlink’s secure oracle and interoperability infrastructure, already widely used by financial institutions and decentralised finance applications.
A recent survey by SBI Digital Asset Holdings found that 76% of financial institutions intend to invest in tokenised securities, citing benefits such as lower costs and faster settlements. However, the absence of institutional-grade infrastructure remains a key barrier to broader adoption. The partnership will address this by delivering solutions such as cross-chain tokenised real-world assets, onchain net asset value (NAV) reporting for funds, and payment versus payment (PvP) for cross-border FX transactions.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP), SmartData, and Proof of Reserve will play a central role in enabling secure, compliant, and transparent digital asset operations. The two organisations have previously collaborated under Singapore’s Project Guardian, further demonstrating their capability to develop institutional-grade blockchain solutions.